Travelling is a wonderful hobby, but it can also be a risky one. And to prevent travellers from certain risks, travel insurance has been introduced. But there are some misconceptions about travel insurance that can be hard to dispel. If you're not aware of the risks and dangers that can come with travelling, you could end up spending more money than you planned on your trip.
To avoid these unforeseen expenses, consider getting travel insurance. But how does it work? What are the myths about travel insurance? What are travel insurance truths? Keep reading to know this all with an explanation.
Here are the Myths and Misconceptions About Travel Insurance:
Myth 1: I don't need travel insurance for a trip of a few days
Truth: If you're traveling abroad, you need to have travel insurance in order to cover medical emergencies and other unforeseen events that could cost you thousands of dollars if they happened during your trip. Even if your trip is only a few days long, you should still consider purchasing travel insurance because many countries have their own healthcare system and it's expensive!
Myth 2: Nothing Unexpected Can Happen on my Trip
Truth: One of the most popular myths that visitors actually believe is that "nothing can go wrong on my trip". You may have made a number of journeys both locally and overseas without encountering any unfavorable or unexpected circumstances. But what harm does it do to be ready in case something does go wrong? Travel insurance is required for a number of minor reasons, including missing flights, passport theft, sudden illness, and trip cancellation due to unforeseen circumstances. But, major factors can include fleeing a war-torn nation, a natural calamity has occurred, etc. In both scenarios, you risk losing a sizeable sum of money that was pre-paid for things like flight expenses, lodging, etc.
Myth 3: Travel insurance only covers medical expenses
Truth: While most people think of travel insurance as being limited to medical expenses, this is not the case. Many policies include coverage for lost luggage, cancellations, flight delays, and more! Research well and opt for the best suitable travel insurance as per your destination and coverage.
Myth 4: I'm covered by my employer's travel policies
Not always! Your employer may offer group trips with a limited number of participants; however, if you're an individual traveler, you may not be covered under their policy. If this is the case for you, ask your employer directly about their coverage options.
Myth 5: I don't want to pay for this service, I can't afford travel insurance
While it's true that some people are uncomfortable paying for services they don't use, it's also important to remember that by not purchasing travel insurance, you could be putting your life in danger and could lose out on important benefits like emergency medical evacuation options or lost baggage coverage. There are many affordable options available on the market today that can meet your needs without costing you an arm and a leg!
Myth 6: Only Adrenaline Junkies Need Travel Insurance
It is a widespread misconception among travellers that a travel insurance policy is exclusively intended for people who intend to partake in heart-pounding sports like skydiving, bungee jumping, rock climbing, etc, which is not true. Your travel insurance policy will protect you against a variety of unfortunate but common events while travelling, like missing your flight, having your luggage go missing when you arrive, and having your wallet stolen.
Myth 7: I can wait to submit a claim until you get home
Don't hesitate to get in touch with your insurance company no matter how long your journey will be. In order to be eligible for a claim, you must report any accidents to your insurance company and the local police within 24 hours of the incident. Sometimes, if you don't claim it under a certain time frame, it might get difficult to get the money or compensation.
Myth 8: All travel insurance policies are mostly the same
Another reliable myth. There are numerous travel insurance plans offered by numerous top banks and businesses, both online and offline. It is a distinct category that focuses on meeting the insurance requirements of travellers. There are many different travel insurance plans available that appeal to clients of various ages, cover a wide range of vacation activities, and cover international locations. Various policies offer various combinations of features and coverage to accommodate a larger range of travellers.